In January, Russia exported 59.6 thousand tons of refined copper, down by 8% MoM, but up by 35% YoY. Price grew from $5.8 to $5.9 per kg. Deliveries to China increased by 8%, to 25.3 thousand tons, and to Germany – from 1.3 thousand tons to 9 thousand tons. At the same time sales to…
DetailsMoscow Loan Bank has provided Polyus with a loan of 8 billion rubles. The funds will be spent to maintain current activities. The company is one of the main partners of the bank, as it has vast reserves of gold. (Ukrainian metal)
DetailsAlexei Mordashov, chairman of the board of directors of Severstal, has ordered the company to distribute 500 million rubles to the employees as compensation for the coronavirus pandemic, Severstal said in a statement on April 6. It is important to support each employee as they have different problems with transportation, services, purchase of medicines, and…
DetailsMechel Group’s sales network Mechel Service is supplying steel rolls for construction of infectious disease hospitals designed to fight coronavirus all over Russia. As part of the government’s plan to prevent the spread of coronavirus, rapidly erectable medical centers designed for fighting infectious diseases are being built. Construction works are held round the clock. Russia’s…
DetailsLast week, the price of one ounce of gold decreased by 42.4048 manats (by $24.9). The average price of one ounce of gold stood at 2,725 manats ($1,602). The price of one ounce of silver decreased by 0.58984 manats ($0.03), to 24.00616 manats ($14.1). The price of one ounce of platinum dropped by 30.4024 manats…
DetailsIn January, Russia exported 1.4 thousand tons of raw chrome, down by 11% MoM, but up by 19% YoY. Price dropped by 6%, to $5.8 per kg. Deliveries to the Netherlands fell by 18%, to 768 tons, and to the USA – by 5%, to 453 tons. In 2019, exports totaled 19 thousand tons, unchanged…
DetailsCherepovets Iron and Steel Works is mastering the manufacture of galvanized plates of high-strength steel grades. This product is in demand from European and domestic manufacturers of metal structures. Since April 2019, CherMK has been operating a continuous hot-dip galvanizing machine No. 4, which produces cold-rolled galvanized sheet, as well as hot-rolled etched galvanized sheet…
DetailsMetals Consulting International Limited (MCI), the independent iron and steel sector management consulting firm, announces the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and Eastern…
DetailsA global crisis, generated by the pandemic of a new type of the coronavirus, is the hardest one since the World War II, as declared recently by Antonio Guterres, U.N. Secretary-General. The epidemic disturbed a regular lifestyle and a business rhythm both in small towns and the largest capitals of the world. Everybody suffered –…
DetailsIn March, Zaporizhstal produced 355.8 thousand tons of pig iron, 300.8 thousand tons of steel and 233.6 thousand tons of rolled metal, all down by 8.1%, 15.5% and 21.8% YoY respectively. The decrease is due to a number of capital repairs of the blast furnace No. 5, as well as mills 1150 and 1680. In…
DetailsIn January, Russia exported 1.9 thousand tons of titanium, down by 29% MoM and by 13% YoY. Price grew by 9%, to $23 per kg. Deliveries to USA decreased from 929 tons to 490 tons, and to Germany – from 621 tons to 461 tons. In 2019, exports totaled 28.5 thousand tons, unchanged YoY. (Ukrainian…
DetailsNovo-Shirokinsky Mine, a part of Highland Gold Mining, developing the polymetal deposit of the same name in Zabaikalye region, in 2019 increased net profit 1.5-fold, to 3.8 billion rubles. Sales revenue grew by 15.7%, to 8.2 billion rubles, and sales profit – by 14%, to 4.8 billion rubles. Output decreased by 5%, to 106.784 thousand…
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